Jonathan R. Collins Sells 1,050 Shares of Carlisle Companies Incorporated (NYSE:CSL) Stock

Carlisle Companies Incorporated (NYSE:CSL) Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Carlisle Companies Stock Up 0.4 %

CSL stock traded up $1.33 during midday trading on Friday, reaching $350.70. 372,399 shares of the company’s stock traded hands, compared to its average volume of 384,662. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.15 and a beta of 0.96. The firm’s fifty day moving average price is $394.15 and its 200-day moving average price is $417.50. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 52 week low of $337.01 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. During the same quarter last year, the firm posted $4.17 earnings per share. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is 14.15%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $476.00.

Hedge Funds Weigh In On Carlisle Companies

A number of hedge funds have recently bought and sold shares of the company. Inspire Advisors LLC boosted its holdings in Carlisle Companies by 2.9% during the 4th quarter. Inspire Advisors LLC now owns 2,418 shares of the conglomerate’s stock worth $892,000 after acquiring an additional 69 shares during the last quarter. Channing Capital Management LLC boosted its holdings in shares of Carlisle Companies by 11.7% in the 4th quarter. Channing Capital Management LLC now owns 29,248 shares of the conglomerate’s stock worth $10,788,000 after buying an additional 3,062 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Carlisle Companies by 1.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,655 shares of the conglomerate’s stock worth $7,250,000 after buying an additional 300 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $2,576,000. Finally, EFG Asset Management Americas Corp. boosted its holdings in shares of Carlisle Companies by 19.7% in the 4th quarter. EFG Asset Management Americas Corp. now owns 7,313 shares of the conglomerate’s stock worth $2,697,000 after buying an additional 1,206 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.